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BLX President Paid $5.5 Million Before Filing Bankruptcy

CIENA CAPITAL LLC f/k/a BUSINESS LOAN EXPRESS, LLC

UNITED STATES BANKRUPTCY COURT

Chapter 11

December 8, 2008


DOWNLOAD FULL BUSINESS LOAN EXPRESS, LLC UNITED STATES BANKRUPTCY COURT REPORT (144 pages)


All debtors: List of payments made within one year immediately preceding the commencement of this case to or for the benefit of creditors who are or were insiders.





BUSINESS LOAN EXPRESS, LLC BANKRUPTCY FILING
Insider Name Relationship to Debtor Amount Paid
Robert F. Tannenhauser Member/Manager/EVP, President and CEO $5,531,938.59
Jennifer Goldstein Member/Manager/EVP COO and Secretary $1,332,452.53
Louis Hafkin EVP, Director of Operations and Treasurer $843,917.47
David Jenkins EVP, Director of Internal Audits $759,676.41
Greg Poehlmann EVP, Regional Sales Manager $517,595.15
Deryl Schuster EVP, Director of Governmental Affairs $506,742.65
Frank Scavone EVP, Director of Real Estate Product Development $367,805.78
Dale Grossman EVP, Managing Director/Chief Credit Officer $301,364.27
Ted Horan EVP, Director of Capital Markets $247,463.06
David Canet EVP Customer Retention $246,636.39
Michael Cohen EVP, CFO and Assistant Secretary $239,521.79
Mark Weinberg EVP, CEO of Ciena Funding $224,232.55
Leonard Rudolph EVP, Director of Loan Servicing $214,273.37
Fred Crispen EVP, Director of Community Express Program $196,278.00
Robin Cero EVP, National Sales Director $73,202.65
Jordan Paul Manager $23,858.29
Grand Total: $11,626,958.95


DOWNLOAD FULL BUSINESS LOAN EXPRESS, LLC UNITED STATES BANKRUPTCY COURT REPORT (144 pages)



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